Engine Media Holdings Inc (GAME) Income Statement
GAME 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGAME revenue and net income
Where GAME's revenue goes
2025Each bar shows an amount and its share of revenue. GAME kept −89.1% of revenue as net income.
GAME profit margins
GAME growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −53.2% | +17.0% | +33.7% | — |
| Gross profit | +27.8% | +26.4% | +22.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GAME quarterly EPS vs estimates
Engine Media beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.16).
GAME income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.0M | $96.2M | $41.3M | $28.1M | $33.3M | $10.5M | $4.2M | $3.5M | $309,030 | $0 |
| Cost of revenue | $25.5M | $80.9M | $31.2M | $18.4M | $22.9M | $3.4M | $8.3M | $2.6M | $0 | — |
| Gross profit | $19.5M | $15.3M | $10.1M | $9.7M | $10.5M | $7.2M | $4.2M | $948,312 | $309,030 | — |
| Research & development | $2.0M | $3.2M | $3.1M | $0 | — | — | — | — | — | — |
| Sales, general & admin | $25.2M | $34.2M | $19.9M | $24.5M | $23.6M | $17.9M | $9.0M | $10.3M | $4.6M | $74,491 |
| Total operating expenses | $31.3M | $61.4M | $35.5M | $27.9M | $27.0M | $22.5M | $11.5M | $12.1M | $5.0M | $82,998 |
| Operating income | −$11.7M | −$46.2M | −$25.4M | −$18.2M | −$16.5M | −$15.4M | −$7.3M | −$11.1M | −$4.7M | −$82,998 |
| Interest income | $586,152 | $156,986 | — | $8,434 | — | — | — | — | — | — |
| Interest expense | $586.15B | $570,960 | $672,589 | $411,797 | $1.3M | $908,766 | $333,381 | $62,886 | $53,429 | — |
| Income before taxes | −$30.0M | −$55.6M | −$26.3M | −$18.4M | −$28.8M | −$26.6M | −$14.0M | −$10.5M | −$10.1M | −$82,998 |
| Income taxes | $63,721 | — | −$55,096 | −$304,369 | $7.0M | $6.9M | $144,822 | −$859,643 | −$45,758 | — |
| Net income | −$40.1M | −$48.8M | −$31.3M | −$18.1M | −$40.7M | −$32.3M | −$14.7M | −$11.5M | −$10.1M | −$82,998 |
| EBITDA | −$27.9M | −$51.0M | −$22.0M | −$15.6M | −$24.1M | −$21.8M | −$11.2M | −$8.7M | −$9.7M | −$82,998 |
| EPS (diluted) | −$3.93 | −$0.89 | −$1.63 | −$0.59 | −$0.86 | −$194.42 | −$2115.93 | −$341.15 | $2.96 | — |
| Gross margin | 43.4% | 15.9% | 24.5% | 34.4% | 31.5% | 67.9% | 100.0% | 26.8% | 100.0% | — |
| Operating margin | −26.1% | −48.0% | −61.5% | −65.0% | −49.4% | −145.7% | −173.3% | −314.2% | −1,512.1% | — |
| Net margin | −89.1% | −50.7% | −75.7% | −64.5% | −121.9% | −306.7% | −349.3% | −325.6% | −3,254.2% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.5M | $14.5M | $18.5M | $11.3M | $15.9M | $21.1M | $23.5M | $26.4M | $17.8M | $17.7M | $16.8M | $11.5M |
| Cost of revenue | $9.4M | $8.9M | $10.0M | $5.7M | $13.4M | $17.8M | $21.1M | $21.2M | $15.3M | $14.3M | $13.7M | $9.0M |
| Gross profit | $9.0M | $5.6M | $8.5M | $5.6M | $2.4M | $3.3M | $2.4M | $5.2M | $2.5M | $3.4M | $3.0M | $2.5M |
| Research & development | $682,531 | $610,802 | $499,565 | $519,275 | $557,403 | $768,966 | $876,847 | $804,258 | $585,031 | $685,153 | — | $439,822 |
| Sales, general & admin | $7.6M | $6.6M | $7.2M | $6.2M | $5.6M | $7.8M | $9.1M | $8.4M | $6.6M | $7.1M | $6.7M | $6.2M |
| Total operating expenses | $10.8M | $8.9M | $18.6M | $8.0M | $7.1M | $10.5M | $35.3M | $11.7M | $8.7M | $9.7M | $25.9M | $8.0M |
| Operating income | −$1.7M | −$3.4M | −$159,642 | −$2.4M | −$4.7M | −$7.1M | −$11.8M | −$6.4M | −$6.2M | −$6.3M | −$9.2M | −$5.5M |
| Interest expense | $279,492 | $329,101 | — | — | — | $49,558 | $110,531 | $54,106 | $192,257 | $435,128 | $168,012 | $265,350 |
| Income before taxes | −$10.5M | −$17.6M | −$28.1M | $5.9M | −$6.0M | −$6.9M | −$29.5M | −$7.5M | −$9.7M | −$6.8M | −$17.7M | −$5.5M |
| Income taxes | $83,050 | $63,721 | — | — | — | — | — | — | — | −$38,600 | — | −$11,469 |
| Net income | −$10.6M | −$17.7M | −$31.1M | −$808,443 | −$3.0M | −$5.2M | −$26.4M | −$5.5M | −$11.6M | −$5.3M | −$17.8M | −$5.1M |
| EBITDA | $7.5M | −$17.1M | $339,389 | −$2.5M | −$4.2M | −$6.0M | — | −$6.4M | −$8.4M | −$5.3M | — | −$4.3M |
| EPS (diluted) | $0.11 | −$0.18 | −$3.60 | −$0.03 | −$0.17 | −$0.13 | −$0.13 | −$0.09 | −$0.25 | −$0.42 | −$0.35 | −$0.36 |
| Gross margin | 49.0% | 38.4% | 45.9% | 49.4% | 15.3% | 15.8% | 10.2% | 19.8% | 14.1% | 19.1% | 18.2% | 21.8% |
| Operating margin | −9.3% | −23.3% | −0.9% | −21.2% | −29.8% | −33.7% | −50.2% | −24.3% | −34.6% | −35.4% | −54.7% | −47.7% |
| Net margin | −57.6% | −122.1% | −168.6% | −7.1% | −19.0% | −24.4% | −112.5% | −20.8% | −65.1% | −29.7% | −106.0% | −43.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GAME's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GAME financial results
In fiscal year 2025 (ended December 31, 2025), Engine Media reported revenue of $45.0 million, down 53.2% from the year before. It had a net loss of $40.1 million, a net profit margin of −89.1%. Diluted earnings per share came to −$3.93. Over five years revenue grew at an average rate of 33.7% a year.
See the GAME stock overview for the latest quote and news, or the GAME chart for price history and technical indicators.
GAME income statement FAQ
What is Engine Media's annual revenue?
Engine Media reported total revenue of $45.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 53.2% from $96.2 million the previous year.
Is Engine Media profitable?
No. Engine Media reported a net loss of $40.1 million in fiscal 2025, a net profit margin of −89.1%; its operating margin was −26.1%.
What is Engine Media's gross margin?
Engine Media's gross margin was 43.4% in fiscal 2025: for every $100 of revenue, Engine Media kept $43 after the direct cost of its products and services.
How much does Engine Media spend on research and development?
Engine Media spent $2.0 million on research and development in fiscal 2025, 4.6% of revenue.
How fast is Engine Media growing?
Revenue grew 33.7% a year on average over the last five fiscal years, from $10.5 million to $45.0 million.
What are Engine Media's earnings per share?
Engine Media earned $-3.93 per diluted share in fiscal 2025, compared with $-0.89 a year earlier.
When will Engine Media report its next earnings?
Engine Media is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Engine Media's fiscal year end?
Engine Media's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.